M&A Deal Summary

RTI International Metals Acquires Aeromet - Titanium Forming Division

On October 18, 2011, RTI International Metals acquired metals/mining company Aeromet - Titanium Forming Division from Aeromet for 34M USD

Acquisition Highlights
  • This is RTI International Metals’ 1st transaction in the Metals/Mining sector.
  • This is RTI International Metals’ 2nd largest (disclosed) transaction.
  • This is RTI International Metals’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2011-10-18
Target Aeromet - Titanium Forming Division
Sector Metals/Mining
Buyer(s) RTI International Metals
Sellers(s) Aeromet
Deal Type Divestiture
Deal Value 34M USD

Target

Aeromet - Titanium Forming Division

Welwyn Garden City, United Kingdom
Aeromet's Titanium Forming Division engages in hot forming, super plastic forming, diffusion bonding and fabrication of titanium sheet and plate for the aerospace and defense markets.

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Buyer(S) 1

Buyer

RTI International Metals

Pittsburgh, Pennsylvania, United States

website


Category Company
Founded 1951
Sector Metals/Mining
Employees2,437
Revenue 783M USD (2013)
DESCRIPTION

RTI International Metals, Inc. is a provider of titanium and specialty metals products and services to commercial aerospace, defense, energy, medical device and other customers. RTI has been taking titanium further through advanced manufacturing, engineering, machining, and forming processes. RTI delivers titanium mill products, extruded shapes, formed and 3D-printed parts, and highly engineered precision-machined components through its downstream integrated supply chain.


DEAL STATS #
Overall 2 of 6
Sector (Metals/Mining) 1 of 2
Type (Divestiture) 1 of 2
Country (United Kingdom) 1 of 2
Year (2011) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-28 Claro Precision

Montreal, Quebec, Canada

Claro Precision, Inc. is a manufacturer of precision-machined components and complex mechanical and electrical assemblies for the aerospace industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-13 Remmele Engineering

New Brighton, Minnesota, United States

Remmele Engineering, Inc. is a provider in the design and production of highly engineered, precision-manufactured components and complex automated assembly systems. Remmele Engineering has grown to become a provider of highly complex and close tolerance parts, tooling and assembly systems for some of the largest companies in the pharmaceutical, medical, aerospace and defense industries.

Buy $182M

Seller(S) 1

SELLER

Aeromet

Worcester, United Kingdom

website


Category Company
Founded 1982
Sector Aerospace
DESCRIPTION

Aeromet is a provider of investment and sand cast products in aluminum and magnesium to the global Aerospace and Defence industries. It provides major OEMs including Airbus, Boeing, BAE Systems, Embraer and Rolls-Royce with engine, fuel system and structural airframe components. Aeromet was established in 1982 and is based in Worcester, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1